Market momentum pushes Sensex above 67K

New Delhi (IANS) The market momentum which pushed the Nifty up by 6 per cent in November is likely to be sustained since the incoming data and news are positive, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

With India’s market cap to GDP ratio climbing to 1.2, valuations getting stretched

New Delhi (IANS) With India’s market cap touching $4 trillion and the market cap GDP ratio climbing to 1.2, valuations are getting stretched, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. But in the short run, the…

BSE market cap hits $4 trillion-mark

Mumbai (IANS) The BSE market cap's ascent to the $4 trillion-mark signals the start of a fresh momentum in the stock market, Satish Menon, Executive Director at Geojit Financial Services, said on Wednesday.

The stock market is rallying…

Cabinet approves terms of reference for 16th Finance Commission

New Delhi (IANS) The Union Cabinet has approved the terms of reference for the 16th Finance Commission which include the distribution of taxes between the Centre and states.

According to an official statement issued on Wednesday, the terms…

Swiggy's food delivery sales up 17% to $1.43 bn in 1st half of FY24: Prosus

New Delhi (IANS) Online food delivery platform Swiggy's investor Prosus, in its financial filing, stated that Swiggy’s core food-delivery business grew 17 per cent and delivered gross merchandise value (GMV) of $1.43 billion in the first half…

Analysts sound alarm as 'lot of gambling happening in low grade stocks'

New Delhi (IANS) There is a lot of gambling happening in the market now in low grade stocks and these should be avoided, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Investors should take cues from the wisdom…

RBI to maintain repo rate at 6.5%: Experts

Chennai (IANS) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will continue with the 6.5 per cent repo rate and will not change its stance at its upcoming meeting next month as the inflation will average about 5.5 per cent for the…

BharatPe turns EBDITA positive for first time

New Delhi (IANS) BharatPe turned EBDITA -- earnings before interest, tax, depreciation and amortisation -- positive in October with an annualised revenue of Rs 1,500 crore, which represents a 31 per cent increase over the same period of the previous…

Apple iPhone maker Foxconn to invest $1.5 bn in India

New Delhi (IANS) Taiwanese contract manufacturer Foxconn plans to invest $1.54 billion in India, as the country doubles down on local manufacturing.

In a stock exchange filing, Foxconn said that the investment will help it fulfill “operational…

FIIs not putting incremental flows into India midcap stocks since Aug

New Delhi (IANS) The big deployment by foreigners into India Midcap funds peaked in the week ending September 13. They haven’t done any incremental deployment since the past two months, as per a report by Elara Securities.

All incremental India-dedicated…